Are you in compliance?

Global Glimpses

“Global Glimpses” follows compliance, risk, and corporate governance news both in Europe and around the world. It covers developments at the International Accounting Standards Board, as well as global regulation, anti-bribery, and corruption enforcement, along with other compliance developments abroad. Global Glimpses is written by contributor Paul Hodgson. Hodgson welcomes questions, comments, and statements from readers on global issues and will address them here when appropriate. Readers can contact him at paul.hodgson@complianceweek.com.

July 23—The new European Union accounting directive is going to be a challenge for member states to implement, according to industry experts and regulators who gathered for a roundtable discussion in Brussels last week. The provision requiring country-by-country reporting of payments to governments has garnered the most attention because of its effect on the gas, oil, and mining industries. But a thornier issue for members of the EU could be what to include from the list of nearly 100 member state options in their implementation, which must be complete by July 2015. More inside.